RETIREE BENEFITS TRUST

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

KEN PROCHASKA

Phone

9792974139

Tax Period

2024-01-01 to 2024-12-31

RETIREE BENEFITS TRUST, founded in 2007, is a micro nonprofit in the Mutual Benefit sector that reported $56K in total revenue in fiscal year 2024. Expenses of $473K exceeded revenue, resulting in a 743% operating deficit.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE FOR CONTINUING GROUP INSURANCE COVERAGE FOR PARTICIPANTS AFTER TERMINATION OF THE FORMER INACTIVE PLANS.

Program Service Accomplishments

Program 1

Expenses: $243,447

THE PURPOSE OF THE PLAN IS TO PROVIDE FOR CONTINUING GROUP INSURANCE COVERAGE FOR PARTICIPANTS AFTER TERMINATION OF THE FORMER INACTIVE PLANS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $56,085

Other Revenue $0

TOTAL REVENUE $56,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,000

Fundraising Expenses $0

Program Expenses $243,447

Other Expenses $386,710

TOTAL EXPENSES $472,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,085	$54,182	+0.0%
Expenses	$472,710	$289,247	+0.6%
Net Income	$-416,625	$-235,065	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$86,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$0	$0	$0
GLENDA CZAPLEWSKI	SECRETARY/COMPLIANCE OFFIC	1.00	Officer	$21,500	$0	$21,500
KENNETH PROCHASKA SR	CHAIRMAN/INVESTMENT OFFICE	1.00	Officer	$21,500	$0	$21,500
KENNETH PROCHASKA JR	VICE CHAIRMAN	1.00	Officer	$21,500	$0	$21,500
CINDY SCHIFFLER	ADMINISTRATIVE OFFICER	1.00	Officer	$21,500	$0	$21,500

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$56,085	$472,710	$2,762,323	$-416,625
2023	$54,182	$289,247	$2,734,661	$-235,065
2022	$49,775	$280,029	$2,583,293	$-230,254
2021	$399,488	$561,867	$3,343,388	$-162,379
2020	$442,977	$571,735	$2,970,459	$-128,758
2019	$464,215	$557,139	$2,776,716	$-92,924
2018	$634,987	$669,408	$2,447,034	$-34,421